Fortive

Fortive to Present at the Baird Global Industrial Conference

Retrieved on: 
Tuesday, October 31, 2023

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that Senior Vice President and Chief Financial Officer, Charles E. McLaughlin, will be presenting at the Baird 2023 Global Industrial Conference on Tuesday, November 7th, 2023 at 8.20 a.m.

Key Points: 
  • Fortive Corporation ("Fortive") (NYSE: FTV) today announced that Senior Vice President and Chief Financial Officer, Charles E. McLaughlin, will be presenting at the Baird 2023 Global Industrial Conference on Tuesday, November 7th, 2023 at 8.20 a.m.
  • ET (5:20 a.m. PT).
  • The audio will be simultaneously webcast and will be archived on www.fortive.com .

Synchrophasor Market is to grow by USD 546.72 million from 2023 to 2028, Increasing need for reducing grid outages to drive the growth - Technavio

Retrieved on: 
Tuesday, October 31, 2023

NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The synchrophasor market is expected to grow by USD 546.72 million from 2023 to 2028.

Key Points: 
  • NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The synchrophasor market is expected to grow by USD 546.72 million from 2023 to 2028.
  • The increasing need for reducing grid outages is a key factor driving the market.
  • The aging infrastructure, population growth, and increasing demand for energy resources have increased the burden on those infrastructures which lead to blackouts.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Fortive Reports Strong Third Quarter 2023 Results; Narrows Full Year 2023 Outlook

Retrieved on: 
Wednesday, October 25, 2023

Fortive Corporation (“Fortive”) (NYSE: FTV) today announced financial results for the third quarter 2023.

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) today announced financial results for the third quarter 2023.
  • Diluted net earnings per share for the third quarter was $0.61.
  • For the third quarter, revenues increased 2.6% year-over-year to $1.49 billion, which included core revenue growth of 2.5%.
  • James A. Lico, President and Chief Executive Officer, stated, “Our results in the third quarter once again reflected the durability of our portfolio.

Bregal Unternehmerkapital Announces the Sale of EA Elektro-Automatik to Fortive Corporation for €1,585 Million

Retrieved on: 
Tuesday, October 24, 2023

Bregal Unternehmerkapital (“BU”), a leading investment firm in the DACH region and Northern Italy, today announced the sale of EA Elektro-Automatik Holding GmbH (“EA” or the “Company”), a leading provider of electronic test and measurement devices, to US-based Fortive Corporation (“Fortive”) (NYSE: FTV) for an Enterprise Value of €1,585 Million.

Key Points: 
  • Bregal Unternehmerkapital (“BU”), a leading investment firm in the DACH region and Northern Italy, today announced the sale of EA Elektro-Automatik Holding GmbH (“EA” or the “Company”), a leading provider of electronic test and measurement devices, to US-based Fortive Corporation (“Fortive”) (NYSE: FTV) for an Enterprise Value of €1,585 Million.
  • The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024.
  • Founded in 1974 and headquartered in Viersen, Germany, EA develops and manufactures programmable power supplies, electronic loads, and bidirectional power supplies used to test electronic components across various industrial and R&D applications.
  • As part of a succession plan, BU acquired the Company in 2019 through its second fund, BU II from the Company’s founders.

Fortive to Acquire EA Elektro-Automatik, an Industry-leading Provider of Electronic Test & Measurement Solutions

Retrieved on: 
Monday, October 23, 2023

Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH (EA), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45 billion in cash, net of $215 million of tax benefits from Bregal Unternehmerkapital.

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH (EA), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45 billion in cash, net of $215 million of tax benefits from Bregal Unternehmerkapital.
  • The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024.
  • James A. Lico, President and Chief Executive Officer of Fortive, said, “We are pleased to announce our agreement to acquire EA Elektro-Automatik to enhance our leading position in electronic test and measurement, helping to enable the global energy transition.
  • Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC served as financial advisors and Freshfields Bruckhaus Deringer served as legal counsel to Fortive.

Advanced Sterilization Products Announces Expansion of Sterilization Monitoring Portfolio

Retrieved on: 
Thursday, October 19, 2023

Advanced Sterilization Products (ASP), a global leader in infection prevention and Fortive (NYSE: FTV) company, announced today an important expansion in its Sterilization Monitoring (SM) portfolio with new Steam Monitoring products that will help Sterile Processing Departments (SPDs) ensure sterility with greater efficiency and confidence in results.

Key Points: 
  • Advanced Sterilization Products (ASP), a global leader in infection prevention and Fortive (NYSE: FTV) company, announced today an important expansion in its Sterilization Monitoring (SM) portfolio with new Steam Monitoring products that will help Sterile Processing Departments (SPDs) ensure sterility with greater efficiency and confidence in results.
  • ASP’s new Sterilization Monitoring portfolio helps customers improve workflow through integrated solutions in Sterile Processing Departments / Central Sterilization Supply Departments (CSSDs).
  • BIOTRACE™ Biological Indicator – Offers a streamlined, integrated workflow through a new SM traceability solution for efficiently monitoring steam sterilization processes.
  • “We are excited about the expansion of our sterilization monitoring portfolio and the benefits it brings to our global customer base.

Data Acquisition System Market to grow by USD 560.39 million from 2022 to 2027, Increasing demand for monitoring in end-user industries to boost the market - Technavio

Retrieved on: 
Monday, October 23, 2023

The potential growth difference for the data acquisition system market between 2022 and 2027 is USD 560.39 million.

Key Points: 
  • The potential growth difference for the data acquisition system market between 2022 and 2027 is USD 560.39 million.
  • The growing demand for monitoring in end-user industries drives market growth.
  • There is a growing concern among the consumers of the data acquisition market systems regarding the costs and seeking out affordable, higher-quality data acquisition systems.
  • The modular data centers market size is estimated to grow at a CAGR of 15.58% between 2022 and 2027.

Spectrum Analyzer Market size to increase by USD 748.48 million from 2022 to 2027 | Increasing demand for spectrum analyzers in defense boost the market growth - Technavio

Retrieved on: 
Tuesday, October 17, 2023

NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The spectrum analyzer market size is expected to grow by USD 748.48 million between 2022 and 2027.

Key Points: 
  • NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The spectrum analyzer market size is expected to grow by USD 748.48 million between 2022 and 2027.
  • Explore detailed information by purchasing a report
    Increasing demand for spectrum analyzers in defense drives the market growth during the forecast period.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The piezoelectric market size is estimated to grow at a CAGR of 5.94% between 2022 and 2027.

Investor ESG Software Market to grow by USD 616.29 million from 2022 to 2027 | Growth Driven by the shift toward green initiatives- Technavio

Retrieved on: 
Monday, October 9, 2023

The potential growth difference for the investor ESG software market from 2022 to 2027 is USD 616.29 million.

Key Points: 
  • The potential growth difference for the investor ESG software market from 2022 to 2027 is USD 616.29 million.
  • Buy the full report here
    The shift toward green initiatives is a key factor driving the market growth.
  • Additionally, the difficulty of integrating ESG software with enterprise ERP systems poses another significant challenge in the ESG software market for investors.
  • The ESG reporting software market size is estimated to grow at a CAGR of 15.9% between 2022 and 2027.

ID.me Appoints Chris Mills as Chief Revenue Officer

Retrieved on: 
Monday, October 2, 2023

MCLEAN, Va., Oct. 2, 2023 /PRNewswire/ -- ID.me, the market-leading secure digital identity network, announces the appointment of Chris Mills as Chief Revenue Officer.

Key Points: 
  • MCLEAN, Va., Oct. 2, 2023 /PRNewswire/ -- ID.me, the market-leading secure digital identity network, announces the appointment of Chris Mills as Chief Revenue Officer.
  • Mills will lead ID.me's go-to-market revenue and field operations, including sales, customer success and channel partnerships, as ID.me scales toward its next phase of growth.
  • Prior to joining ID.me, Mills served as Chief Revenue Officer at Thrive Global, a leading enterprise behavior change technology company.
  • "ID.me is a market leader transforming how the public navigates today's digital world," said Chris Mills.